Originally published on Thu January 31, 2013 5:32 pm
As Washington moves to legalize marijuana, there are fresh concerns that a parallel market for pot will continue to flourish. It’s not quite a black market. Let’s call it a “grey” market – for medical marijuana. The question now: how will highly taxed and regulated pot compete with largely unregulated medical marijuana?
Today investors from around the world are convening to discuss investments in cannabis-related products. The ArcView Group, a San Francisco investment consulting company, is hosting the meeting. And this time, the focus won't be on the growth and sale of marijuana. Instead, it's about all the other related products: lights for growing, portable cases for joints, etc. Ross talks to Roy Kaufman from ArcView for details.
Originally published on Thu January 24, 2013 4:42 pm
OLYMPIA, Wash. - Washington Governor Jay Inslee says the eyes of the nation will be on the state as it creates a legal marijuana market over the next year. The new governor said Thursday that along with legalization comes the expectation that illegal pot production and sales will mostly end.
Inslee doesn’t expect a clear answer from the Obama administration anytime soon on how the federal government will respond to Washington’s new marijuana law. He met earlier this week with US Attorney General Eric Holder.
The Washington State Liquor Control Board holds a public hearing tonight at Seattle’s City Hall on how to implement the state’s new marijuana law. The first one drew a standing room only crowd eager to weigh in on how Washington state should set up its system to license marijuana growers, processors and sellers.